Why is toxic money thoughts still so prevalent in our culture? Because it’s the way we’ve been taught to think about wealth. Let’s break it down.
Typically, when one thinks about money, it is two ways. The first is the daydreaming of what we would do with a blank cheque or a bottomless bank account. The second way is with dread and stress as we wonder how we’re going to pay a bill or buy something we need.
Sadly, daydreaming doesn’t help matters as we finally “wake” from the dream. Our money issues are still there, and those endless funds are not. What compounds the problem is that, for some reason, talking about money is still a taboo topic. We recently did an entire blog just on that, and if you’d like to read it, you can do so here.
One of the most significant toxic money thoughts is that we’ll never earn enough money to fulfil our dreams. While the likely hood of winning the lottery to solve all our financial woes is astronomical, you might be making enough now to do precisely what you want to do if you make your money work for you better.
Of course, any big money decisions should be made by talking with an expert.
On the primary side of it, budgeting your money and investing could quickly put you on the path to financial freedom.
The second toxic money thought that paralyses a lot of people’s wealth journey is that you can’t ask for money. We don’t think for a second about needing a mortgage to buy a house or looking for investors to start a company, but if we are struggling to make ends meet, asking the government or even a family member for help should be seen as a sign of weakness. Asking for help is a characteristic of a strong personality.
While there are many other toxic money thoughts, one of the most prevalent is buying into the class system. We mean by the class system that there are rich and poor people who will never change. That’s rubbish. For every superstar with more money to burn than days in their life, there is a wealthy person that lost it all. For every struggling person, some people changed their lives for the better.
It’s not always easy to change your financial position, but it can be done. One of the biggest hurdles you face is your thinking, especially when it comes to money. Fixing that problem will open so many more doors of possibility, and getting rid of toxic money thoughts will help you knock on those doors.
If you would like to supercharge your path to less debt more life, contact one of our experts now, and they can show you how you could cut years and thousands of dollars off your mortgage.
Out with the toxic money thoughts and in with the path to financial freedom!